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Valley School of Ligonier and the EITC Program

 An opportunity to benefit your company while helping your community 

Clair Ward, Head of School, receives an EITC donation from Frank Buzydlowski of Verizon

What is the EITC Program?

Who is eligible to participate?

How does my contribution help Valley School?

How do I apply?

I still have questions, who do I call?

 

What is the EITC Program?
EITC is a state-run program that provides companies with a 75% tax credit for donations to a nonprofit scholarship or educational improvement organization. The tax credit increases to 90% if the company commits to making the same donation for two consecutive years.

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Who is eligible to participate?
The EITC program is available to businesses in the state of Pennsylvania that pay any of the following taxes:

  • Corporate Net      Income Tax
  • Capital Stock      Franchise Tax
  • Bank and Trust      Company Shares Tax
  • Title Insurance      Companies Share Tax
  • Insurance      Premiums Tax
  • Mutual Thrift      Institution Tax

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How does my contribution help Valley School?
All funds received from the EITC program goes directly towards scholarships at Valley School of Ligonier. Valley School of Ligonier’s Financial Aid Program provides the opportunity for a diverse group of students to receive a high quality education that otherwise may be unobtainable. In accordance with the school’s mission, this program provides Valley School with a student body that reflects a broad social, racial, and economic mix. At Valley School, the need for financial aid continues to increase each year. In the past, the EITC program has helped the school raise more than $100,000 per year to assist students.

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How do I apply?
All applications must be completed online beginning on May 15 if your business is already committed to a two-year donation or on July 1 for new applications. The EITC program is operated by the Department of Community and Economic Development (DCED) and is run on a first-come, first-serve basis. For more information, visit the state website at www.newpa.com and search “EITC” or call 1-866-466-3972.

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I still have questions, who do I call?
For more information about how your company can benefit or for questions regarding the application process, contact Tammy Kline in the Business Office at 724-238-6652 or tkline@valleyschoolofligonier.org.

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As a community bank, First Commonwealth embraces the EITC program as another way that our company and our employees can be directly involved in supporting educational opportunities for our neighbors and clients. The support we provide for organizations like Valley School—thanks to the EITC program—is a vital part of how we fulfill our overall mission…to help our neighbors and businesses within our communities realize their financial goals as a trusted partner and friend.”  
-  Megan White, First Commonwealth Bank

 

 


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